Question: M 3 - 8 Fixed asset subledger ( LO 3 - 3 ) The term useful life in the fixed asset subledger is considered to

M 3-8 Fixed asset subledger (LO 3-3)
The term "useful life" in the fixed asset subledger is considered to be helpful to the preparer and the user because it
Multiple Choice
tells the accountant the depreciation period the assets will be depreciated over
the number of years it will be used before it is retired
tells how long the asset is expected to be used until it is sold
M 3-8 Fixed asset subledger (LO 3-3) The term "useful life"

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